Accuracy Coverage Pricing Help Centre Contact

Rank Group announces 3% increase in full-year dividend

Investment Tools Ltd.
Rank Group announces 3% increase in full-year dividend

The Rank Board is pleased to recommend a final dividend of 5.5 pence per share to be paid on 29 October 2019 to shareholders on the register on 20 September 2019. This will take the full year dividend to 7.65 pence per share, up 3% on the previous year. 

Other financial highlights include:

All businesses delivering LFL revenue growth in H2

H2 operating profit of £42.2m, up 20%, following a tough first half in which operating profit was £30.3m

The transformation programme launched in December 2018 is driving improved Group performance and new ways of working

£10.7m of savings delivered in the year with an additional £9.3m from these initiatives flowing into 2019/20

New operating model launched for Grosvenor Casinos, resulted in £8.2m of savings in 2018/19 and a further £11.3m in 2019/20 (pre-wage increases)

Mecca offer enhanced by initiatives including new games, side bets and extending session lengths resulted in revenue growth in H2

Strong growth in Digital NGR of 23% including contribution from YoBingo acquired in May 2018. Excluding YoBingo, Digital NGR grew by 11%

£28.6m of exceptional costs, includes an £8.0m provision for technical non-compliance with National Minimum Wage Regulations

Agreed terms to sell five Mecca bingo clubs to a UK bingo operator

On 31 May 2019, announced agreement on the terms of an offer to acquire Stride Gaming plc to create one of the UK's leading online gaming businesses

Full year dividend up by 3%

Companies mentioned

Latest News

Investment Tools Limited

 There has been one cancelled and one reduced dividend today, these are:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been one cancelled and one deferred dividend today, these are:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been 2 cancelled dividends today, these include:

Read more
Investment Tools Limited

There has been one cancelled dividend today, this is:

Read more
Investment Tools Limited

There has been a number of cancelled and suspended dividends today, these include:

Read more
Investment Tools Limited

The Directors of M Winkworth Plc ("Winkworth" or the "Company") have announced that the Company will pay a dividend of 1.68p per ordinary share for the first quarter of 2020 to shareholders.

Read more
Investment Tools Limited

During 2019 Chesnara continued to deliver strong cash generation, funding the dividend strategy as well as maintaining a robust group solvency ratio. Economic Value increased significantly as a result of favourable economic conditions, despite the impact of a substantive foreign exchange loss due to currency fluctuations.  Prudent financial and operational management has resulted in Chesnara's operations, solvency and dividends all being resilient to the impacts of Covid-19, however the Economic Value will have fallen subsequent to the year end.

Read more
Investment Tools Limited

888, a popular online gaming entertainment and solutions providers, announces that its board of directors has recommended the payment of a final dividend comprising 3.0 cents per share.

Read more
More News